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UPDATE 1-Iran switches from dollar to euro for official reporting currency (Adds background). LONDON, April 18 (Reuters) - Iranian government institutions will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country's effort to reduce its reliance on the American currency. The decision was made at a ...
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Khamenei Sees `Foreign Footprints' in Iran's Currency Chaos Iran unified its exchange rates for the rial last week as part of urgent measures to contain a crisis that saw the currency slump to series of record lows against the U.S. dollar in unregulated trading. The rial has weakened as the Trump administration nears a May 12 deadline to stay in or withdraw from the ...
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India calms currency crunch tensions; ensures adequate supply INDIA'S government and the central bank will ensure there is an adequate amount of currency notes, following reports that banks' automated teller machines had run out of cash in different parts of the country, the government said on Tuesday. Cash withdrawals in India go up during crop harvest season ...
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Will Currency Wars Move the US Dollar after Trade War Concerns? Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing "the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!" Investors should note that this is a contradiction of the US Treasury, which had ...
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